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Bitcoin Faces Resistance Around $57K, Altcoins Recover From 7-Day Lows

Bitcoin is meeting the $57,000 resistance level during U.S. trading hours Wednesday as altcoins and other layer 1 tokens recovered from seven-day lows. New data on bitcoin dominance continued to signal a bias toward altcoin exposure. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Apple Files Lawsuit Agains Israeli Spyware Maker for Surveilling Apple Users

Apple has filed a lawsuit against Israeli tech company NSO Group for allegations of surveillance and targeting of Apple users. NSO Group is best known for creating and selling sophisticated, state-sponsored spyware “Pegasus.” “The Hash” squad discusses Apple’s latest efforts to strengthen privacy protections and what it suggests about the need for blockchain tech.

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Metaverse Platform The Sandbox’s SAND Token Surges 25% After Adidas Teases Partnership

SAND, the native cryptocurrency of the blockchain-based virtual world The Sandbox, has rallied 25% in the past 24 hours, hitting record highs above $7 and taking the weekly gain to 70%. This comes after Adidas seemed to confirm a relationship between the two companies. Is the metaverse going mainstream?

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IMF: Bitcoin Should Not Be Legal Tender in El Salvador

The International Monetary Fund (IMF) stated bitcoin should not be used as legal tender in El Salvador, saying its plans to acquire more BTC will require a “very careful analysis” of implications for its financial stability. It also questioned President Nayib Bukele’s announcement of a $1 billion bitcoin-backed bond.

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OCC Wants Banks to Seek Permission Before Offering Crypto Services

The U.S. Office of the Comptroller of the Currency (OCC) published an interpretative letter Tuesday telling banks to be very clear they can provide crypto services before they do so. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the key takeaways. Plus, Sen. Sherrod Brown (D-Ohio), chairman of the U.S. Senate Banking Committee, is seeking more information about stablecoins.

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Bitcoin's Next Move After Dipping Below $56K

Greg King, Founder & CEO of crypto investment firm Osprey Funds, discusses his crypto markets analysis and outlook as bitcoin has tumbled below the $56,000 support level. Is there a potential threat we could be triggering liquidations in the short-term? Plus, insights into his firm launching NFT-focused investment vehicles by early next year.

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India Proposes Crypto Ban; Metaverse Race Heats Up

Korean government to review harsher penalties for crypto crime. India bill proposes ban on private cryptocurrencies. Race for the metaverse heating up. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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El Salvador’s Ambassador to US on Central American Country’s Bitcoin Ambitions

Milena Mayorga, Ambassador of El Salvador to the U.S., discusses El Salvador’s bitcoin ambitions following President Nayib Bukele’s plans for the world’s first “Bitcoin City”– a low-tax, net-zero municipality financed primarily by a $1 billion bitcoin bond listed on Bitfinex.

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El Salvador Wants to Build ‘Bitcoin City’ With Major Tax Incentives

El Salvador, the only country where bitcoin is a legal tender, is going to build an entire city based on the largest cryptocurrency by market value. “Bitcoin City” will have no income, property, capital gains or payroll taxes.

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Is There a Bullish Breakout Ahead for Bitcoin?

Needham & Co. Vice President John Todaro discusses his positive assessment of the crypto markets despite continuing to see red over the past week. “We’re still ​in a bullish macro set up here for bitcoin and cryptocurrencies more broadly,” Todaro said. “We do have around $100K bitcoin [price target] in Q1 2022.”

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